dalian commodity exchange

Posted on November 18th, 2021

The most actively traded coking coal futures on the Dalian Commodity Exchange DJMcv1, for January delivery, plunged as much as 9.4% to 1,867 yuan ($292.76) per tonne. Note: Due to licensing restrictions, Canadian fundamental data cannot be downloaded from Barchart.com. This compensation may impact how and where listings appear. The Dalian Commodity Exchange (DCE) added Xiamen Xiangyu Logistics Group Co., Ltd., China National Minerals Co., Ltd. and Qian'an Jiujiang Wire Co., Ltd. as designated factories and warehouses for iron ore, according to the announcement recently issued by … It also provides a total for Daily Volume and Open Interest. Report this post. In 1995 the 15 remaining exchanges were reduced to three, with the DC… Dalian coking coal extends gains as smog crackdown tightens supplies. BEIJING (Reuters) - China’s Dalian Commodity Exchange says it has revised its risk management rules and will start imposing trading limits from Wednesday. Benchmark iron ore futures on China’s Dalian Commodity Exchange recovered from four consecutive sessions of losses on Tuesday, gaining as much as … It boasted half the domestic market share in 2007 and captures roughly 2% of the global futures market share, including financial futures. DALIAN: The Dalian Commodity Exchange should consider rolling out crude oil futures for the Northeastern Asian market so that financial tools can … Fundamental data provided by Zacks and Morningstar. Found inside – Page 176On May 25, 2009, PVC (polyvinyl chloride) futures were listed in the Dalian Commodity Exchange futures market. On the first day of trading, the total turnover was 4.753851 billion yuan, and 146,284 contracts were traded. DCE sponsors a webinar series covering the comparison between Chinese and the overseas market. The following are the Dalian Commodity Exchange soybean, soybean meal, soybean oil and palm oil stocks in lots as of Thursday, Sep 16. The Dalian Commodity Exchange said it would raise trading limits and margin requirements for iron ore contracts for delivery in June, September, October and December, as well as for January-April 2022 from the May 11 trading day, without providing figures. To experience the full functionality of the ISDA website, it is necessary to enable Javascript in your Free members are limited to 5 downloads per day, while Barchart Premier Members may download up to 100 .csv files per day. BEIJING/MANILA: China’s coking coal futures dived more than 9% on Tuesday, extending losses for a third straight session amid increasing coal supply and tepid Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. Leaders in Polymer Pricing and Analysis. Close Price (CNY/ton) 8, 734. In this case, the table must be horizontally scrolled (left to right) to view all of the information. Privacy Policy, ISDA uses cookies to enhance your experience on our website. Found insideThe Dalian commodity exchange trades soybeans and plans to roll out a corn contract. The Zhengzhou commodity exchange trades cotton and plans to roll out a lowquality wheat contract. The Chinese futures exchanges are also planning to ... Standard Views found throughout the site include: Unique to Barchart.com, data tables contain an option that allows you to see more data for the symbol without leaving the page. effective risk management for all users of derivative products. Dalian Commodity Exchange. Found inside – Page 91Major Commodities Exchanges for Agriculture Products In 2004, the UNCTAD inventoried 17 commodities exchanges around the ... The first is the Dalian Commodity Exchange, which was founded in February 1993 and had a volume of 240 million ... Dalian Commodities Exchange (DCE) - DCE No.2 Soybean This page lists all futures symbols for the selected exchange. This book contains a collection of eight papers which provide new insights into all three issues, with special emphasis on futures markets, which have received relatively little attention in the analysis of these problems. Go to ISDA's Twitter in a new window or tab. Among its lesser-known traded commodities, the exchange trades: linear low-density polyethylene, polypropylene, palm oil futures, eggs, fiberboard, soybeans, soybean meal, soybean oil, genetically modified soybeans, soybean meal options futures, rice, and corn. 8, 790. Founded in 1993, the Dalian Commodity Exchange (DCE) is a futures exchange approved by the State Council and regulated by China Securities Regulatory Commission (CSRC). Iron ore futures for physical delivery debuted on the Dalian Commodity Exchange on Oct 18th 2013. The company has submitted a feasibility study to the central government for approval, an official said. This is an accessible read for graduates, academic researchers, and professionals in the mineral and energy sectors. Dalian, Liaoning, China. more See All Financial Institutions In recent years, there has been a rapid growth of import volume of iron ore in China. Understanding the Dalian Commodities Exchange, How the Futures Industry Association Functions, National Commodities And Derivatives Exchange (NCDEX). CHICAGO / DENVER / DALIAN, China, May 4, 2018 – CQG, Inc. today announced its connectivity to the Dalian Commodity Exchange (DCE) to offer global clients access to iron ore futures. Found insideWhat is the “Dalian Commodity Exchange”? The Dalian Commodity Exchange is the largest mainland China commodities exchange, founded in 1993. Its significance is derived from capturing much of the Chinese domestic market share of futures ... Found inside – Page 85The Futures Trading Regulations of China Zhengzhou Commodity exchange, the first futures regulations in China, ... merged into 3: shanghai Futures exchange (shFe), Zhengzhou Commodity exchange (ZCe), and dalian Commodity exchange (dCe). However, new stocks are not automatically added to or re-ranked on the page until the site performs its 10-minute update. browser. Founded on 28 February 1993, Dalian Commodity Exchange (DCE) is one of the four futures exchanges under the supervision and administration of the China Securities Regulatory Commission (CSRC) upon the approval of the State Council. Found inside – Page 20Table 1.6 Commodity Exchanges Name of Exchange Country Headquarters Australian Securities Exchange Australia Sydney ... Exchange USA Chicago Climex The Netherlands Utrecht CME Group USA Chicago Dalian Commodity Exchange China Dalian ... Company profile page for Dalian Commodity Exchange including stock price, company news, press releases, executives, board members, and contact information Iron ore is the primary raw material used in the production of steel, which is a key material used in construction, ship building and many manufacturing activities. Dalian Commodities Exchange (DCE) is a commodities and derivatives exchange located in mainland China. The most actively traded coking coal futures on the Dalian Commodity Exchange DJMcv1, for January delivery, plunged as much as 7.5% to 1,906 yuan … Click the "+" icon in the first column (on the left) to view more data for the selected symbol. Found inside – Page 731Rubber (RSS1/RSS3) Domestic Forwards, Indonesian Commodity Exchange Board . ... 343 Rubber (SMR) Futures, Kuala Lumpur Commodity Exchange . . . . . . . . . 420 Rubber (RSS1) Futures, ... 159 Soybean Futures, Dalian Commodity Exchange . Dalian Commodity Exchange. Right-click on the chart to open the Interactive Chart menu. Company profile page for Dalian Commodity Exchange including stock price, company news, press releases, executives, board members, and contact information 185,416. The Dalian Commodity Exchange said it would raise trading limits and margin requirements for iron ore contracts for delivery in June, September, October and December, as … They ended down 9% at … The Dalian Commodities Exchange (DCE) is located in Dalian, China, and trades futures contracts on a wide variety of commodities. 7 -- Dalian Commodity Exchange will continue to expand by promoting listings of shipping capacity futures and chemical options, said Xi Zhiyong, general manager of DCE, today. Get Dalian Commodity Exchange (ZDCE) prices data available both historically and intraday from Barchart Solutions. Dalian Commodity Exchange (DCE) holds the “Institutional Commodity Derivatives Forum (ICDF) 2019” in Dalian on August 27. Found inside – Page 330China started encouraging farmers' participation in the futures market as early as 2005. Some of the initiatives by the Dalian Commodity Exchange (DCE) and the Government of China to promote farmers' participation are given here. China’s Dalian Commodity Exchange (DCE) is temporarily raising the daily price limit and minimum margins for hedge trading and speculative trading for its iron ore futures contracts. The three big ones are in Dalian, Shanghai and Zhengzhou. The Dalian Commodity Exchange said it would raise trading limits and margin requirements for iron ore contracts for delivery in June, September, October and December, as well as for January-April 2022 from the May 11 trading day, without providing figures. A commodity market is a physical or virtual marketplace for buying, selling, and trading commodities. The Dalian iron ore price hit a one-year low on Wednesday as demand worries intensified due to China’s curbs on its steel output and a … SINGAPORE (ICIS news)--The Dalian Commodity Exchange plans to set up a polyethylene (PE) futures trading platform in China, company officials said on Thursday. Found inside – Page 761The PRC has two stock exchanges (Shanghai Stock Exchange and the Shenzhen Stock Exchange),16 three commodity futures exchanges (Dalian Commodity Exchange, Shanghai Futures Exchange, and Zhengzhou Commodity Exchange),17 and one financial ... Temasek offering 5-year Singdollar bonds of up to S$350m at 1.8%. You can re-sort the page by clicking on any of the column headings in the table. Live hog futures, as China's first live-animal and live-delivery futures product, as well as the first new futures product listed this year in China, made its debut on the Dalian Commodity Exchange (DCE) on January 8, 2021. Especially when using a custom view, you may find that the number of columns chosen exceeds the available space to show all the data. Found inside – Page 292fcontracts US exchanges 7 100 Non-US exchanges US share N u m b e r o ( f u t u r e s a n d o pt i o n s ... These corrections reduced the number of exchanges from 40 to 15, and further to three: the Dalian Commodity Exchange (DCE), ... Close Price (USD/ton) $11 80. Benchmark iron ore futures on China's Dalian Commodity Exchange recovered from four consecutive sessions of losses on Tuesday, gaining as much as … Found insideNo. traded, m: 246 Contract: Palm oil Exchange: Dalian Commodity Exchange No. traded, m: 139 Contract: Corn Exchange: Dalian Commodity Exchange No. traded, m: 122 Contract: White sugar Exchange: Zhengzhou Commodity Exchange No. traded, ... Found insideBolsa de Mercadoris & Futuros (BM&F) The Commodities & Futures Exchange Praca Antonio Prado, 48, Sao Paulo, SP, Brazil 01010-901 55–11–3119–2000 Fax 55-11-3242-7565 www.bmf.com.br ... 68401 198 www.shfe.com.cn Dalian Commodity Exchange ... The "More Data" widgets are also available from the Links column of the right side of the data table. DCE are the first contracts with physical delivery in the world, and it is hoped that the physical delivery will make the pricing of the iron ore, an international bulk commodity, more… It educates and lobbies on issues relating to markets and trading. This tool will download a .csv file for the View being displayed. Dalian Commodity Exchange, China. Found inside – Page 226A REFERENCE GUIDE As arcane as many of the details of futures trading might be, commodities exchanges are in the ... coffee, soy, and other agricultural products) China's Dalian Commodity Exchange (DCE) www.dce.com.cn/english (soybeans, ... FGV Holdings Berhad (FGV) has signed a memorandum of understanding (MoU) with the Dalian Commodity Exchange (DCE) to collaborate in the implementation of DCE’s Palm Oil Internationalization Project. BEIJING, April 27 (Reuters) - China’s Dalian Commodity Exchange raised transaction fees on coke and coking coal futures contracts, it said on Wednesday, the fourth increase in … Dalian Commodity Exchange Aims to Expand, Increase Global Influence. Stocks: 15 minute delay (Cboe BZX data for U.S. equities is real-time), ET. for a description of how we use cookies. Nov. 10, 2021, 12:26 PM. Over the years, DCE has already become the world’s largest agricultural futures market as well as the largest futures market for oils, plastics, coal, metallurgical coke, and iron ore. No.129 Huizhan RoadDalian, Liaoning ProvinceChina, ©2021 International Swaps and Derivatives Association, Inc. Iron ore shipments that departed from Australia and Brazil stood at 23.54 million tonnes in the week ended Oct.17, down 589,000 tonnes from the previous week, data from Mysteel consultancy showed. Found inside – Page 10-44Chapter objectives 13.1 The Chinese Commodity Exchanges 13.2 The Size of the Chinese Commodity Exchanges 13.3 Speculative ... There are three main Chinese commodity futures exchanges, the Dalian Commodity Exchange (DCE), the Zhengzhou ... The Dalian Commodity Exchange (DCE) (simplified Chinese: 大连商品交易所; traditional Chinese: 大連商品交易所; pinyin: Dàlián Shāngpǐn Jiāoyìsuǒ) is a Chinese futures exchange based in Dalian, Liaoning province, China. Found inside – Page 31COMMODITIES EXCHANGES Largest commodities exchanges Exchange Country Volume per month $M CME Group USA 19 Tokyo Commodity Exchange Japan - NYSE Euronext USA - Dalian Commodity Exchange China - Multi Commodity Exchange India ... CQG Connects to Dalian Commodity Exchange to Offer International Market Participants First Access to DCE Iron Ore Futures CHICAGO and DENVER and DALIAN, China, May 4, 2018 /PRNewswire/ -- CQG, Inc. today announced its connectivity to the Dalian Commodity Exchange (DCE) to offer global clients access to iron ore futures. “Given that China is a … Each contract has links to its Quote Overview, Chart, Opinions, and Technical Analysis pages. The company has submitted a feasibility study to the central government for approval, an official said. 大连商品交易所 Type Non profit institution (administered by CSRC) Industry Financial Founded 1993 as Dalian Commodity Exchange Headquarters The Dalian Commodity Exchange (DCE) (simplified Chinese: 大连商品交易所; traditional Chinese: 大連商品交易所; pinyin: Dàlián Shāngpǐn Jiāoyìsuǒ) is a Chinese futures exchange based in Dalian, Liaoning province, China. The Chicago Board of Trade (CBOT) is hosting a two-week symposium, being attended by members of the Dalian Commodity Exchange (DCE), the China Securities Regulatory Commission (CSRC) and government officials. Pages are initially sorted in a specific order (depending on the data presented). 437 followers. Each futures symbol shows all of the open contracts with the Contract Name and Month, Last price, Change, Open, High, Low, Volume and Open Interest. Main Business / Finance News Today. The exchange now has nearly 500,000 participants. Discussion in 'Commodity Futures' started by 4XQs, Oct 16, 2009. Changes (USD/ton) +USD 26 +USD 23 +USD 1 6. Dalian Commodity Exchange (2105 Contract): 15 April 2021. Each View has a "Links" column on the far right to access a symbol's Quote Overview, Chart, Options Quotes (when available), Barchart Opinion, and Technical Analysis page. It is a non-profit, self-regulating entity with about 200 members and over 160,000 investors. Through the nineties, the exchange gained a reputation for financial integrity, risk management, and functionality in the market, as well as for transparency and liquidity. Over the years, through orderly operation and stable development, DCE has already become the world’s largest agricultural futures market as well as the largest futures market for … Found inside – Page 37Exchanges12 Country Euronext Amsterdam (AES) Netherlands Agricultural Commodity Exchange (ACE) Zambia Ace Commodity ... USA Chicago Mercantile Exchange (CME) USA Dalian Commodity Exchange (DCE) China Dubai Gold & Commodities Exchange ... (Yicai Global) Oct. 27 -- China will support the Dalian Commodity Exchange to study the feasibility of issuing crude oil futures to advance the northeastern port city's position as a global transport hub. Each futures symbol shows all of the open contracts with the Contract Name and Month, Last price, Change, Open, High, Low, Volume and Open Interest. JavaScript in your web browser. 1 soybeans (non-gmo), No. 140,937. ISDA fosters safe and efficient derivatives markets to facilitate Go to ISDA's Facebook in a new window or tab. [[ data.eventTime | date: 'EEE, MMM dd, yyyy h:mm a' ]] CDT, Dalian Commodities Exchange (DCE) - DCE No.2 Soybean. The exchange emerged from the restructuring of China’s futures industry, which was revived in 1990 after a 60-year hiatus, but saw the government close many of the 40-plus exchanges which emerged because of widespread price manipulation. The Dalian Commodity Exchange (DCE) (simplified Chinese: 大连商品交易所; traditional Chinese: 大連商品交易所; pinyin: Dàlián Shāngpǐn Jiāoyìsuǒ) is a Chinese futures exchange based in Dalian, Liaoning province, China. At the same time, as a designated quality inspection institution for nearly 40 varieties of Chinese commodity future market, CCIC Group has been worked for more than ten years, and it has accumulated rich industry experience in the field of futures inspection and gained good customer reputation. The Dalian Commodity Exchange should consider rolling out crude oil futures for the Northeastern Asian market so that financial tools can better serve the real economy, said a plan released on Tuesday. Now, the Dalian Commodity Exchange in northeastern China has created a frenzy of investment activity in iron ore futures. ISDA fosters safe and efficient derivatives markets to facilitate Found inside – Page 725Exchange Abbreviation Location Product Types Manila Commodity Exchange MCX Manila Philippines Commodities, ... Industrial Metals, Rubber Chittagong Tea Auction Chittagong, Bangladesh Tea Dalian Commodity Exchange DCE Dalian, ... In recent years, there has been a rapid growth of import volume of iron ore in China. Found inside – Page 147The role of a commodity market is to provide a locus for buyers and sellers to trade physical commodities at spot prices ... Exchange Minor Metals Trade Association Zhengzhou Commodity Exchange Dalian Commodity Exchange Multi Commodity ... FGV Signs an MOU with Dalian Commodity Exchange. The Dalian Commodity Exchange (DCE) (simplified Chinese: 大连商品交易所; traditional Chinese: 大連商品交易所; pinyin: Dàlián Shāngpǐn Jiāoyìsuǒ) is a Chinese futures exchange based in Dalian, Liaoning province, China. In 1996, China started to increase its annual soybean imports at a tremendously high speed. Dalian iron ore dips, but market outlook stays firm The most-traded iron ore futures on the Dalian Commodity Exchange dipped 0.2 percent to 611 yuan ($91.05) … Repeat this anywhere as you move through the table to enable horizontal scrolling. Found inside – Page 161... whereby the remaining 14 futures exchanges were further consolidated to the 3 current exchanges:86 the Zhengzhou Commodity Exchange,87 the Shanghai Futures Exchange,88 and the Dalian Commodity Exchange.89 Alongside the expansion of ... Dalian Commodity Exchange (DCE), founded on February 28th, 1993, is one of the four futures exchanges in China and the only futures exchange in Northeast China. Found inside – Page 4052000: Amsterdam, Brussels and Paris futures exchanges merged to form Euronext Futures Exchange. □ 2001: Euronext bought Lisbon and the ... Dalian Commodity Exchange, China, set up in 1993 with contracts on non-GMO soybean, palm oil. Found inside – Page 342... Options Exchange The London Metal Exchange Source: cbot.com Process which resulted in three commodity exchanges emerging; the Dalian Commodity Exchange (DCE), the Zhengzhou Commodity Exchange and the Shanghai futures Exchange ... We are proud to list acronym of DCE in the largest database of abbreviations and acronyms. It is the only futures exchange in North-East China. Founded in 1993, the Dalian Commodity Exchange (DCE) is a futures exchange approved by the State Council and regulated by China Securities Regulatory Commission (CSRC). Found inside – Page 252market trading, activating old products and market functions and promoting the sustainable development of the futures ... After the establishment of the Dalian Commodity Exchange, it was further decided that the trading categories would ... SINGAPORE (ICIS news)--The Dalian Commodity Exchange plans to set up a polyethylene (PE) futures trading platform in China, company officials said on Thursday. Go to ISDA's Linkedin in a new window or tab. The Chicago Mercantile Exchange or CME is a futures exchange which trades in interest rates, currencies, indices, metals, and agricultural products. In 2016, the Futures Industry Association (FIA) reported that the Dalian Commodities Exchange was the 8th largest exchange in the world by trading volume. Iron ore prices have started to fall after China’s Dalian Commodity Exchange (DCE) tightened its trading rules on Monday in an effort to cool prices … Found inside – Page 292Today, there are exchanges with active agricultural futures markets on every continent: North America (ICE Futures ... Exchange, Tokyo Commodity Exchange, and Tokyo Grain Exchange in Japan; Korea Exchange in Korea; Dalian Commodity ... Accept. China News Network Dalian March 30 (Reporter Yang Yi) China's first gas energy derivative LPG futures and options were officially listed on the Dalian Commodity Exchange on March 30 This is the first simultaneous listing of futures and options in the domestic market. Found inside – Page 556TABLE 31.4 Key Commodity Exchanges Around the World Exchange Name Examples of Commodities Traded Chicago Board of Trade ... silver Chicago Mercantile Exchange (CME) Feeder cattle, lean hogs, live cattle, butter, milk Dalian Commodity ... Founded in 1993, the Dalian Commodity Exchange (DCE) is a futures exchange approved by the State Council and regulated by China Securities Regulatory Commission (CSRC). The most actively traded coking coal futures on the Dalian Commodity Exchange, for January delivery, plunged as much as 9.4% to 1,867 yuan … #1 … In 2015, the DCE was ranked 8th out of the leading global derivatives exchanges by the Futures Industry Association, as well as the largest futures market for oils, plastics, coal, metallurgical coke, and iron ore. The Dalian Exchange was established on Feb. 28, 1993. The exchange is among the largest exchanges for agricultural futures in the world. The DCE was established on Feb. 28, 1993, in Dalian, a major port city at the southern tip of Liaoning province in north-east China, adjacent to the country’s main soybean-production region. Found inside – Page 1046116 224 101 814 902 224 224 Soya Bean Futures Crude Soybean Oil Futures ( Dalian Commodity Exchange ) Trading hours : 09 : 00-11 : 30 , 13 : 30-15 : 00 ( Beijing time ) Deliverable Soybean Futures ( Rosario Futures Exchange ) Trading ... DCE Chairman Li Zhengqiang says in the speech that facilitating the benign interaction and integrated development between industrial enterprises and investment institutions and creating the participant ecology with complete varieties, perfect structure … Dalian Commodity Exchange Founded in 1993, the Dalian Commodity Exchange (DCE) is a futures exchange approved by the State Council and regulated by China Securities Regulatory Commission (CSRC). You will see "N/L" in a downloaded column when this is the case. Additionally, the exchange handles market surveillance and rule enforcement, formulating and implementing risk management rules, organizing marketing and investor education events, market data and information services, and more. LLDPE. ‎Download apps by Dalian Commodity Exchange(DCE), including 掌上期权, DCE场外平台, and DCE移动交割. Found inside – Page 4Since then, these three large Comex (the Dalian Commodity Exchange, the Shanghai Metal Exchange, and the Zhengzhou Commodity Exchange) have continued to operate profitably attracting large trading volumes. Of these exchanges, two trade ... The book provides a comprehensive “map” of China's financial markets and institutions based on objective data. The book uses the mentioned data to analyze the status and trend of China's financial sectors under macro-economy. Find a financial institution, licence type or activity in Singapore. The Futures Industry Association (FIA) is a global group of futures professionals. Future: RBD Palm Olein 315,167,096 132.6%. During a visit to the Dalian Commodity Exchange on Sunday, Li Lecheng, acting governor of Liaoning province, said that the exchange should make continued efforts toward innovation to provide more products to the market and better serve the real economy. About Dalian Commodity Exchange: Founded on February 28, 1993, Dalian Commodity Exchange (DCE) is one of the four futures exchanges under the supervision and administration of the China Securities Regulatory Commission (CSRC) upon the approval of the State Council, and also the only futures exchange in Northeast China. Click on any of the widgets to go to the full page. Over the years, through orderly operation and stable development, DCE has already become world’s largest agricultural futures market as well as the largest futures market for oils, Found insideCritical Worldwide Commodity Exchanges At an unprecedented speed since the 1990s, futures exchanges have been popping up around the world in the most unlikely ... There is the Dalian Commodity Exchange and the Shanghai Futures Exchange. The offers that appear in this table are from partnerships from which Investopedia receives compensation. (Simply create a free account, log in, then create and save Custom Views to be used on any data table.). The National Development and Reform Commission revealed its plan for the coastal Liaoning province in a document published yesterday. The exchange lists futures and spot contracts on a variety of agricultural commodities such as soybeans, soy meal, and palm oil. Found inside – Page 227However, commodity swap contract specifications and liquidity differ even in the exchange traded market. On October 19, 2014, for example, Dalian Commodity Exchange (DCE) launched an iron ore commodity swap. The contract differs from ... Over a week ago, the Dalian Commodity Exchange increased trading limits and margin requirements for some iron-ore contracts. The following image shows one of the definitions of DCE in English: Dalian Commodity Exchange. ISDA Response to the Quebec Charter of the French Language... Joint Response on Cryptoassets Consultation. Dalian Commodity Exchange 英文 : Changing the Iron Ore Trade Game. Our China Futures data can be delivered over API, FTP, or software, and is available in granularity down to the tick. effective risk management for all users of derivative products. Sep 2017 - Present4 years 1 month. Get … In Futures Prices page, you can see daily price information of following Exchange markets. DCE = Dalian Commodity Exchange Looking for general definition of DCE? Changes (CNY/ton) +CNY 170 +CNY 150 +CNY 105. Looking for the shorthand of DaLian Commodity Exchange?This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: DaLian Commodity Exchange.

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